Three Stock Offerings in Europe
Are Canceled on Weak Demand

Three European stock offerings have been yanked because of poor demand and weak stock markets.

The largest issue to run into trouble, a $285 million secondary sale of shares in Luxembourg-based Societe Europeenne de Communication SA, was canceled because of poor demand in Germany and Sweden, the company said. SEC is a long-distance telephone carrier in six European countries and operates a cellular phone network in Luxembourg.